April 10, 2018 / 5:03 PM / 2 years ago

Russia's Nornickel co-owner says U.S. sanctions resemble trade war

Vladimir Potanin, co-owner of Norilsk Nickel, attends an agreement signing ceremony with the Krasnoyarsk region's government, in Moscow, Russia December 12, 2017. REUTERS/Sergei Karpukhin

MOSCOW (Reuters) - Russian billionaire Vladimir Potanin said on Tuesday the U.S. sanctions imposed on some Russian companies resembled a large-scale trade war.

In an interview with Rossiya 24 TV, Potanin did not rule out a further escalation in the sanctions, but said metals production at Norilsk Nickel, in which he is the largest shareholder, was in high demand and the company’s long-term prospects were favourable.

Reporting by Polina Devitt; Editing by Mark Potter

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